What is Thunder Power Holdings, Inc.'s earnings per share (EPS)?

Thunder Power Holdings, Inc. (AIEV) reported diluted earnings per share of $-0.06 for fiscal year 2024. This represents a -20.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Thunder Power Holdings, Inc. Financials

AIEV

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Thunder Power Holdings, Inc. (AIEV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

3/9

Thunder Power Holdings, Inc. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.49x

For every $1 of reported earnings, Thunder Power Holdings, Inc. generates $0.49 in operating cash flow (-$1.2M OCF vs -$2.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$2.5M

YoY-37.8%

Thunder Power Holdings, Inc. reported -$2.5M in net income in fiscal year 2024. This represents a decrease of 37.8% from the prior year.

EPS (Diluted)

$-0.06

YoY-20.0%

Thunder Power Holdings, Inc. earned $-0.06 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 20.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$53K

YoY-73.3%

Thunder Power Holdings, Inc. held $53K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

51M

YoY+35.3%

Thunder Power Holdings, Inc. had 51M shares outstanding in fiscal year 2024. This represents an increase of 35.3% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-38.4%

YoY+323.8pp

Thunder Power Holdings, Inc.'s ROE was -38.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 323.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

AIEV Income Statement

Metric	FY24	FY23	FY22
Revenue	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A
SG&A Expenses	$2.5M+37.9%	$1.8M	N/A
Operating Income	N/A	-$1.2M-145.8%	-$508K
Interest Expense	N/A	N/A	N/A
Income Tax	N/A	$1.1M+172.0%	$396K
Net Income	-$2.5M-37.8%	-$1.8M-548.7%	$405K
EPS (Diluted)	$-0.06-20.0%	$-0.05-107.5%	$0.67

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$428K-14.9%	$503K-33.3%	$755K	N/A	$912K-32.3%	$1.3M+530.4%	$214K	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	-$514K	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	$206K	N/A
Net Income	-$428K+15.0%	-$504K+33.3%	-$755K	N/A	-$912K+32.3%	-$1.3M-529.7%	-$214K	N/A
EPS (Diluted)	$-0.010.0%	$-0.01+50.0%	$-0.02	N/A	$-0.02+33.3%	$-0.03-200.0%	$-0.01	N/A

AIEV Balance Sheet

Metric	FY24	FY23	FY22
Total Assets	$13.6M+977.9%	$1.3M-98.8%	$101.2M
Current Assets	$13.6M+984.1%	$1.2M+74.8%	$715K
Cash & Equivalents	$53K-73.3%	$197K-64.0%	$547K
Inventory	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A
Total Liabilities	$7.0M+829.7%	$756K-99.3%	$101.8M
Current Liabilities	$7.0M+829.7%	$756K+38.8%	$545K
Long-Term Debt	N/A	N/A	N/A
Total Equity	$6.5M+1201.3%	$501K+196.4%	-$520K
Retained Earnings	-$36.9M-7.3%	-$34.4M-1130.4%	-$2.8M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$13.5M-0.7%	$13.6M+0.7%	$13.5M-0.3%	$13.6M+0.4%	$13.5M-7.3%	$14.6M-73.5%	$55.0M+4276.9%	$1.3M
Current Assets	$13.5M-0.7%	$13.6M+0.7%	$13.5M-0.5%	$13.6M+0.5%	$13.5M-7.3%	$14.5M+33631.0%	$43K-96.5%	$1.2M
Cash & Equivalents	$16K-83.1%	$97K+391.9%	$20K-62.3%	$53K+56.4%	$34K-96.3%	$921K+2486.5%	$36K-81.9%	$197K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$8.3M-1.0%	$8.3M+7.7%	$7.7M+10.2%	$7.0M+1.2%	$6.9M-1.6%	$7.1M-87.0%	$54.3M+7075.3%	$756K
Current Liabilities	$8.3M-0.9%	$8.3M+7.8%	$7.7M+10.0%	$7.0M+1.2%	$6.9M-1.6%	$7.1M-76.5%	$30.1M+3877.0%	$756K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$5.2M-0.3%	$5.3M-8.8%	$5.8M-11.6%	$6.5M-0.4%	$6.6M-12.7%	$7.5M+865.4%	$777K+55.0%	$501K
Retained Earnings	-$38.6M-1.1%	-$38.2M-1.3%	-$37.7M-2.0%	-$36.9M-0.1%	-$36.9M-2.5%	-$36.0M-402.5%	-$7.2M+79.2%	-$34.4M

AIEV Cash Flow Statement

Metric	FY24	FY23	FY22
Operating Cash Flow	-$1.2M-86.3%	-$659K-24.7%	-$528K
Capital Expenditures	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A
Investing Cash Flow	$929K-98.1%	$50.1M+150.5%	-$99.2M
Financing Cash Flow	$154K-74.6%	$605K-99.4%	$100.3M
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	$50.2M	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$363K	N/A	N/A	-$623K-71.3%	-$364K-99.0%	-$183K+49.1%	-$359K-72.2%	-$208K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$0	N/A	N/A	-$1K	$0-100.0%	$1.2M+615.2%	-$224K-84.3%	-$121K
Financing Cash Flow	$282K	N/A	N/A	$591K+212.7%	-$525K-99.3%	-$263K-143.9%	$600K+1400.0%	$40K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0

AIEV Financial Ratios

Metric	FY24	FY23	FY22
Gross Margin	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A
Return on Equity	-38.4%+323.8pp	-362.2%	N/A
Return on Assets	-18.5%+125.9pp	-144.4%-144.8pp	0.4%
Current Ratio	1.93+0.3	1.65+0.3	1.31
Debt-to-Equity	1.08-0.4	1.51+197.3	-195.76
FCF Margin	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	-8.2%+1.4pp	-9.6%+3.5pp	-13.1%	N/A	-13.9%+4.0pp	-18.0%+9.6pp	-27.5%	N/A
Return on Assets	-3.2%+0.5pp	-3.7%+1.9pp	-5.6%	N/A	-6.8%+2.5pp	-9.3%-8.9pp	-0.4%	N/A
Current Ratio	1.630.0	1.63-0.1	1.74-0.2	1.93-0.0	1.94-0.1	2.06+2.1	0.00-1.7	1.65
Debt-to-Equity	1.57-0.0	1.59+0.2	1.34+0.3	1.08+0.0	1.06+0.1	0.94-68.9	69.82+68.3	1.51
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Thunder Power Holdings, Inc. profitable?

No, Thunder Power Holdings, Inc. (AIEV) reported a net income of -$2.5M in fiscal year 2024.

What is Thunder Power Holdings, Inc.'s return on equity (ROE)?

Thunder Power Holdings, Inc. (AIEV) has a return on equity of -38.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Thunder Power Holdings, Inc.'s operating cash flow?

Thunder Power Holdings, Inc. (AIEV) generated -$1.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Thunder Power Holdings, Inc.'s total assets?

Thunder Power Holdings, Inc. (AIEV) had $13.6M in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Thunder Power Holdings, Inc. have outstanding?

Thunder Power Holdings, Inc. (AIEV) had 51M shares outstanding as of fiscal year 2024.

What is Thunder Power Holdings, Inc.'s current ratio?

Thunder Power Holdings, Inc. (AIEV) had a current ratio of 1.93 as of fiscal year 2024, which is generally considered healthy.

What is Thunder Power Holdings, Inc.'s debt-to-equity ratio?

Thunder Power Holdings, Inc. (AIEV) had a debt-to-equity ratio of 1.08 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Thunder Power Holdings, Inc.'s return on assets (ROA)?

Thunder Power Holdings, Inc. (AIEV) had a return on assets of -18.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Thunder Power Holdings, Inc.'s cash runway?

Based on fiscal year 2024 data, Thunder Power Holdings, Inc. (AIEV) had $53K in cash against an annual operating cash burn of $1.2M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Thunder Power Holdings, Inc.'s Piotroski F-Score?

Thunder Power Holdings, Inc. (AIEV) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Thunder Power Holdings, Inc.'s earnings high quality?

Thunder Power Holdings, Inc. (AIEV) has an earnings quality ratio of 0.49x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.